Article ID Journal Published Year Pages File Type
5084991 International Review of Financial Analysis 2013 11 Pages PDF
Abstract
► Earnings multiples and the DCF are the two most popular valuation models. ► The use of accrual models alongside DCF improves the forecast error. ► The multiples are not inferior to multi-period models in terms of forecast error. ► Book value based models provide lower forecast error than other models.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Equity valuation models and target price accuracy in Europe: Evidence from equity reports
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